Currencies
Harold James observes that past efforts to link trade, monetary policy, and security merely proved ineffective
12th May 25, 9:27am
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Harold James observes that past efforts to link trade, monetary policy, and security merely proved ineffective
Roger J Kerr outlines why the US dollar is still at risk to a further leg downwards from current levels
12th May 25, 8:15am
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Roger J Kerr outlines why the US dollar is still at risk to a further leg downwards from current levels
US asset markets look ahead to trade talks between the US and China. US claims ‘substantial progress’ in the negotiations. Chinese exports were surprisingly strong in April. Currency markets subdued overall
12th May 25, 7:24am
US asset markets look ahead to trade talks between the US and China. US claims ‘substantial progress’ in the negotiations. Chinese exports were surprisingly strong in April. Currency markets subdued overall
Risk sentiment is higher on trade war de-escalation with a US and UK trade “framework”. US equities are up over 1% and Treasury yields are up 10-13bps. Hopes for trade deals have supported the USD across the board
9th May 25, 7:45am
Risk sentiment is higher on trade war de-escalation with a US and UK trade “framework”. US equities are up over 1% and Treasury yields are up 10-13bps. Hopes for trade deals have supported the USD across the board
US Fed held rates steady and indicated the risk of higher inflation and unemployment had risen. More signs of a de-escalation in the trade war. China announced range of measures of economic support
8th May 25, 7:52am
US Fed held rates steady and indicated the risk of higher inflation and unemployment had risen. More signs of a de-escalation in the trade war. China announced range of measures of economic support
US equities are lower, US Treasury yields are lower, and the USD is broadly weaker, with the market remaining fixated on tariffs and the impact for the US economy. Strong GDT dairy auction and oil prices rebound 3%
7th May 25, 7:49am
US equities are lower, US Treasury yields are lower, and the USD is broadly weaker, with the market remaining fixated on tariffs and the impact for the US economy. Strong GDT dairy auction and oil prices rebound 3%
Hélène Rey urges European officials to act quickly to capture some of the "exorbitant privilege" long enjoyed by the US dollar
6th May 25, 12:11pm
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Hélène Rey urges European officials to act quickly to capture some of the "exorbitant privilege" long enjoyed by the US dollar
Taiwan dollar surges again, driven by speculation on trade deals. US-Japan trade negotiations not looking good for Japan so far. Stronger than expected ISM survey assuages fear of US economic recession
6th May 25, 7:40am
Taiwan dollar surges again, driven by speculation on trade deals. US-Japan trade negotiations not looking good for Japan so far. Stronger than expected ISM survey assuages fear of US economic recession
Roger J Kerr says populist politicians promising the earth to get elected, invariably get found out when they discover it is impossible to deliver on the bribes offered up to the voters
5th May 25, 8:46am
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Roger J Kerr says populist politicians promising the earth to get elected, invariably get found out when they discover it is impossible to deliver on the bribes offered up to the voters
US equities higher after strong earnings reports from Microsoft and Meta; ISM PMI didn’t fall as much as expected, even if there are clear signs of cracks opening in the US economy. Chatter that the US is trying to initiate trade talks with China
2nd May 25, 7:43am
US equities higher after strong earnings reports from Microsoft and Meta; ISM PMI didn’t fall as much as expected, even if there are clear signs of cracks opening in the US economy. Chatter that the US is trying to initiate trade talks with China
US economy contracts in Q1 amid a pre-tariff implementation surge in imports. Absolute moves in financial markets relatively small despite the economic data deluge
1st May 25, 7:47am
US economy contracts in Q1 amid a pre-tariff implementation surge in imports. Absolute moves in financial markets relatively small despite the economic data deluge
US economic data awful - exploding trade deficit adds to Q1 GDP downside risk; weaker consumer confidence and drop in job openings. Some backdown on auto tariffs but China won't "kneel down" on trade war
30th Apr 25, 7:43am
US economic data awful - exploding trade deficit adds to Q1 GDP downside risk; weaker consumer confidence and drop in job openings. Some backdown on auto tariffs but China won't "kneel down" on trade war
Latest figures show RBNZ now has over $26.7 billion worth of cash for intervening if necessary in foreign exchange markets
29th Apr 25, 9:33am
Latest figures show RBNZ now has over $26.7 billion worth of cash for intervening if necessary in foreign exchange markets
China's foreign ministry confirms China and the US are NOT engaged in trade talks. Another poor Fed regional survey; plenty of media commentary on reduced China-US trade and prospect of empty US shelves ahead
29th Apr 25, 7:37am
China's foreign ministry confirms China and the US are NOT engaged in trade talks. Another poor Fed regional survey; plenty of media commentary on reduced China-US trade and prospect of empty US shelves ahead
Roger J Kerr says on any measurement you care to choose, the first 100 days of the second Donald Trump Presidency has been an unmitigated disaster
28th Apr 25, 9:12am
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Roger J Kerr says on any measurement you care to choose, the first 100 days of the second Donald Trump Presidency has been an unmitigated disaster